Brokerages Expect Northrop Grumman Co. (NYSE:NOC) Will Post Earnings of $6.05 Per Share

Brokerages predict that Northrop Grumman Co. (NYSE:NOCGet Rating) will announce earnings per share of $6.05 for the current quarter, according to Zacks Investment Research. Four analysts have issued estimates for Northrop Grumman’s earnings, with the lowest EPS estimate coming in at $5.88 and the highest estimate coming in at $6.19. Northrop Grumman posted earnings of $6.42 per share in the same quarter last year, which indicates a negative year over year growth rate of 5.8%. The firm is expected to issue its next earnings report on Monday, January 1st.

On average, analysts expect that Northrop Grumman will report full-year earnings of $24.84 per share for the current year, with EPS estimates ranging from $24.50 to $25.12. For the next year, analysts forecast that the company will post earnings of $27.23 per share, with EPS estimates ranging from $26.50 to $28.11. Zacks’ earnings per share averages are a mean average based on a survey of research analysts that follow Northrop Grumman.

Northrop Grumman (NYSE:NOCGet Rating) last posted its quarterly earnings results on Thursday, April 28th. The aerospace company reported $6.10 earnings per share for the quarter, beating the consensus estimate of $5.95 by $0.15. Northrop Grumman had a net margin of 16.33% and a return on equity of 32.82%. The business had revenue of $8.80 billion during the quarter, compared to analysts’ expectations of $8.89 billion. During the same quarter in the prior year, the company posted $6.57 EPS. The business’s revenue for the quarter was down 3.9% on a year-over-year basis.

NOC has been the subject of several analyst reports. Seaport Res Ptn reissued a “buy” rating on shares of Northrop Grumman in a research note on Tuesday, April 19th. Susquehanna increased their price objective on shares of Northrop Grumman from $416.00 to $437.00 in a research report on Friday, January 28th. Morgan Stanley increased their price objective on shares of Northrop Grumman from $428.00 to $521.00 and gave the stock an “overweight” rating in a research report on Wednesday, March 2nd. Wells Fargo & Company increased their price objective on shares of Northrop Grumman from $390.00 to $472.00 and gave the stock an “equal weight” rating in a research report on Monday, March 7th. Finally, UBS Group increased their price objective on shares of Northrop Grumman from $410.00 to $450.00 in a research report on Friday, April 29th. Six equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Buy” and an average price target of $441.25.

In related news, VP Mary D. Petryszyn sold 626 shares of the company’s stock in a transaction on Monday, February 28th. The shares were sold at an average price of $414.31, for a total value of $259,358.06. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP Mark A. Caylor sold 4,038 shares of the company’s stock in a transaction on Thursday, March 3rd. The shares were sold at an average price of $452.40, for a total transaction of $1,826,791.20. The disclosure for this sale can be found here. Corporate insiders own 0.25% of the company’s stock.

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Dividend Assets Capital LLC raised its stake in shares of Northrop Grumman by 8.4% during the first quarter. Dividend Assets Capital LLC now owns 283 shares of the aerospace company’s stock valued at $127,000 after purchasing an additional 22 shares in the last quarter. IHT Wealth Management LLC raised its stake in shares of Northrop Grumman by 1.6% during the first quarter. IHT Wealth Management LLC now owns 1,371 shares of the aerospace company’s stock valued at $613,000 after purchasing an additional 22 shares in the last quarter. Cape ANN Savings Bank raised its stake in shares of Northrop Grumman by 0.8% during the first quarter. Cape ANN Savings Bank now owns 2,676 shares of the aerospace company’s stock valued at $1,197,000 after purchasing an additional 22 shares in the last quarter. GHP Investment Advisors Inc. raised its stake in shares of Northrop Grumman by 1.9% during the first quarter. GHP Investment Advisors Inc. now owns 1,291 shares of the aerospace company’s stock valued at $577,000 after purchasing an additional 24 shares in the last quarter. Finally, Aldebaran Financial Inc. raised its position in Northrop Grumman by 2.2% in the first quarter. Aldebaran Financial Inc. now owns 1,140 shares of the aerospace company’s stock worth $510,000 after acquiring an additional 25 shares in the last quarter. 84.52% of the stock is currently owned by institutional investors.

Shares of Northrop Grumman stock traded up $3.33 during mid-day trading on Friday, hitting $470.76. The stock had a trading volume of 645,993 shares, compared to its average volume of 970,971. The firm has a 50-day moving average of $455.24 and a two-hundred day moving average of $413.12. Northrop Grumman has a 12-month low of $344.89 and a 12-month high of $490.82. The company has a quick ratio of 1.21, a current ratio of 1.31 and a debt-to-equity ratio of 0.97. The firm has a market cap of $73.18 billion, a P/E ratio of 12.97, a price-to-earnings-growth ratio of 2.97 and a beta of 0.71.

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, June 15th. Investors of record on Tuesday, May 31st will be paid a dividend of $1.73 per share. This is a boost from Northrop Grumman’s previous quarterly dividend of $1.57. The ex-dividend date is Friday, May 27th. This represents a $6.92 annualized dividend and a yield of 1.47%. Northrop Grumman’s payout ratio is presently 17.31%.

Northrop Grumman Company Profile (Get Rating)

Northrop Grumman Corporation operates as an aerospace and defense company worldwide. The company's Aeronautics Systems segment designs, develops, manufactures, integrates, and sustains aircraft systems. This segment also offers unmanned autonomous aircraft systems, including high-altitude long-endurance strategic ISR systems and vertical take-off and landing tactical ISR systems; and strategic long-range strike aircraft, tactical fighter and air dominance aircraft, and airborne battle management and command and control systems.

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